Hi from across the pond, just in case the recent Lloyds TSB announcement
wasn't alarming, get ready for some more sad offshoring statistics
The UK will lead the growth in offshore outsourcing across Europe over the
next 10 years, the latest research from Forrester Research reveals.
By 2015, the UK will transfer 150,000 IT jobs and 100,000 IT orientated
clerical jobs offshore, more than in Germany, France or Italy, the market
When non-IT jobs are included, the total number of UK jobs expected to go
offshore by 2015 rises to 760,000 in the UK, equivalent to 3% of the workforce.
This will place the UK at a strong economic advantage over other European
countries that are moving jobs to offshore at slower rates, Forrester claims.
According to the market analyst, financial firms will account for 350,000
of the jobs transferred from the UK, some 30% of the total, by 2015.
The UK will outsource a similar level of its IT and business functions as
the US but offshore outsourcing will be much less common in the rest of Europe.
Germany, France and Italy are each expected to lose about 140,000 jobs by
2015, while Ireland, Greece, Spain and Portugal, will lose less than 1% of
their countries' jobs offshore, placing them at an economic disadvantage
compared to the UK.
"The laggards who fail to exploit the offshore opportunity risk losing out
in terms of profitability, particularly in finance, auto-manufacturing and
aerospace industries," said Andrew Parker, research director of Forrester.
This will leave large firms in the rest of Europe at risk of being taken
over by corporate predators in the US and the UK, he said.
Germany and France are expected to accelerate their take-up of offshore
outsourcing by 2007, but will be too late to benefit from the lowest prices
and the best expertise. They will need to look to China for competitive
There are likely to be acquisitions within the IT services market as the
economy in Europe falters and Indian suppliers become more dominant,
Saundra Kae Rubel
Privacy Law Analyst
Privacy Knowledge Base: the world's most comprehensive privacy and data
protection law database containing extensive information and expert
analysis about privacy and data protection in the United States, and 66
other countries including the European Union member states.
All archives of messages are stored permanently and are
available to the world wide web community at large at
If you wish to leave this list please send the command
leave data-protection to [log in to unmask]
All user commands can be found at : -
(all commands go to [log in to unmask] not the list please)